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Heavy Push by Industry, Biden Administration to Jumpstart Transmission Expansion, Grid Modernization
Bolstering the Biden administration’s recently announced initiatives to modernize the nation’s grid and improve its resilience, the Department of Energy (DOE) on April 27 made up to $8.25 billion in loans available to expand transmission capacity nationwide, while the Department of Transportation (DOT) offered new guidance to help speed the siting and permitting of transmission lines.
Biden administration offers $8.25 billion in loans for power grid
04/27/2021 | 05:14pm EDT
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WASHINGTON (Reuters) -The U.S. Energy Department said on Tuesday it is offering up to $8.25 billion in loans for companies to boost the power grid as part of the Biden administration s goal to set the country on a path to 100% clean energy by 2035.
The department is making financing available for projects that improve resilience and expand transmission capacity across the grid, so we can reliably move clean energy from places where it s produced to places where it s needed most, Energy Secretary Jennifer Granholm said.
WASHINGTON
In support of the Biden Administration’s commitment to modernize the nation’s power grid and infrastructure and deliver 100 percent clean energy to businesses and homeowners by 2035, the U.S. Department of Energy (DOE) announced Tuesday the availability of up to $8.25 billion in loans from its Loan Programs Office (LPO) and the Western Area Power Administration (WAPA) for efforts to expand and improve the nation’s transmission grid. This is one of several Biden Administration announcements made today underscoring its commitment to accelerating efforts to expand and modernize the nation’s electrical grid, creating good-paying unions jobs while increasing access to reliable, affordable, clean power.
DoE Investing Up to $8 25B in Loans to Boost Electrical Grid manufacturing.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manufacturing.net Daily Mail and Mail on Sunday newspapers.
The White House
White House Releases Initial Report Detailing Existing Resources for Energy Communities
Department of Energy Announces $109.5 Million to Support Energy Jobs, Executive Director to Spearhead Interagency Efforts
Today, theWhite House Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization released a report that was delivered to President Biden and included the initial recommendations from the Interagency Working Group to catalyze economic revitalization, create good-paying, union jobs, and support workers in energy communities – hard-hit coal, oil and gas, and power plant communities – across the country.
The Interagency Working Group identified nearly $38 billion in existing federal funding that could be accessed by energy communities for infrastructure, environmental remediation, union job creation, and community revitalization efforts. This funding includes the over $260 million in existing resources already mobilized by the